Shiba Inu Burns 51M Tokens: SHIB Price Predictions for 2025 Unveiled

Shiba Inu, one of the most well-known meme coins, burned 51.5 million tokens in the past week, according to data from Shibburn.com. But can this contribute to a significant price increase for SHIB?

While this token burn marks another step in Shiba Inu’s deflationary process, the total value of the burned tokens amounts to just $1,030.45 at current prices. When compared to Shiba Inu’s massive market capitalization of approximately $12.9 billion, this impact is minimal. Token burning is a common strategy used to reduce a cryptocurrency’s overall supply, theoretically increasing its scarcity and value. However, the small-scale nature of this burn suggests its immediate effect on SHIB’s price trajectory is negligible. Still, there may be more at play behind the scenes.

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